Mrs. Phary Sok Village Bank Group

This village bank loan group has 24 members, all of whom live in Krapeu Troum village in Kandal province. They will use the loan for various purposes. Mrs. Phary Sok, 37, is the village bank president. She is a farmer who owns a small piece of land where she cultivates rice. She is requesting a loan to purchase fertilizer to support the field and make her crop more productive. Her husband, Mr. Oau Neat, is a construction worker. They have two children who attend the local school.

Fourteen members in this group have end-of-term loans and the rest have monthly payment loans. Those who have end-of-term loans are not required to pay any principal on the loan until the very end of the loan term. End-of-term (EoT) loans are AMK’s main product because they are the most beneficial for Cambodia’s poor. End-of-term loans allow clients to repay portions of the principal whenever they are financially able to. Most clients start to make payments many months before the end of the loan term. Almost all of AMK’s clients make their payments on time. AMK has a delinquency rate of only 0.09% and AMK has a default rate of 0% on Kiva.




About Group Loans
In a group loan, each member of the group receives an individual loan but is part of a group of individuals bound by a group guarantee. Under this arrangement, each member of the group supports one another and is responsible for paying back the loans of their fellow group members if someone is delinquent or defaults. Learn more

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